40, THE OAKS, CHORLEY, PR7 3QU - £138,500

Based on the January 2025 Price Paid Data (released on 3rd March 2025), the December 2024 House Price Index (released on 19th February 2025), and the January 2025 Energy Performance of Buildings Data (released on 27th February 2025). Sources

40 THE OAKS is a midsized extended detached house of 116m², built sometime between 1983 and 1990, which could now be worth an estimated £341,211. It was last sold for £138,500 in February 2003, which was around 5% above the average February 2003 detached price in the Chorley local authority area. The most recent EPC inspection was October 2015, where the current energy rating was D, and the potential energy rating was B.

40 THE OAKS Sold Prices

Land registry data shows two sales for 40 THE OAKS since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Chorley local authority area for the corresponding sale date. Both of the two 40 THE OAKS sales were for above the average price. The average price is sourced from the Office for National Statistics' House Price Index (HPI).

Date	Price	HPI Price	Variation from HPI
2003 21 FEB	£138,500	£131,775	5% above HPI
2002 3 MAY	£121,000	£111,603	8% above HPI

40 THE OAKS Price Paid vs. HPI Average

The below graph shows the average detached house price in the Chorley local authority area over time, sourced from the HPI. The two 40 THE OAKS sales from May 2002 and February 2003 have been plotted on the graph. A line has been extrapolated to show what the value of the property might have been over time, following each sale, had it maintained the same margin above or below the HPI (as a percentage). For example, the May 2002 sale was for 8% above the HPI. So the extrapolation line tracks at 8% above the HPI over time, until the February 2003 sale, where it falls to 5% above the HPI. The line then continues to track at 5% above the HPI.

What might 40 THE OAKS be worth now?

40 THE OAKS might now be worth an estimated £341,211.

This is based on house price inflation of 146.4%, between February 2003 and February 2025, for detached houses, in the Chorley local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 146.4% inflationary increase is applied to the most recent sale price for 40 THE OAKS of £138,500 on 21st February 2003. For the value to have increased from £138,500 to £341,211 over the 22 years to February 2025, the following assumptions must hold true:

• The value of 40 THE OAKS has moved in line with the HPI for detached houses in the Chorley local authority area.
• The February 2003 sale price of £138,500 represented a fair market value for the property.
• The size, condition, and specification of 40 THE OAKS has not materially changed since February 2003.

How Large is 40 THE OAKS?

40 THE OAKS is 116m², which includes one extension, according to the EPC inspection conducted in October 2015. This puts it in the largest 50% of detached houses houses in Chorley, based on EPC data. The below chart shows the distribution of detached houses houses by size in Chorley, and where 40 THE OAKS lies on this distribution: 51% of detached houses houses are smaller than 40 THE OAKS, and 49% of houses are larger. Note that EPC data is not available for all properties in Chorley.

40 THE OAKS: Plot and Title Map

40 THE OAKS sits on a plot of roughly 0.103 of an acre, or 418m². The below map shows the location of 40 THE OAKS, an approximate outline of the building(s), and the indicative extent of the property. The plot extent is a Land Registry INSPIRE Index Polygon, and it is important to note that a title may include more than one polygon, whereas only one polygon is shown on the map (the polygon which intersects with the position of 40 THE OAKS). The full extent of the land contained in any registered title can only be identified from the individual title plan. The maps on this page should not be relied upon to establish the extent of a title.

Where is 40 THE OAKS?

40 THE OAKS is located in CHORLEY, in the PR7 postcode district. The below map shows the position of No. 40 on THE OAKS.